It also identifies the driving and restraining factors of the zinc oxide market with an analysis of trends, opportunities, and challenges. The market is segmented and has been forecast on the basis of key regions, such as North America, Asia-Pacific, Europe, and Rest of the World (RoW). The market is also segmented on the basis of application in major countries in each of these regions.

The zinc oxide market is segmented into seven applications, namely, rubber, ceramics, chemicals, pharmaceuticals, cosmetics & personal care, agricultural, and others. Among these applications, rubber accounted for largest market share in 2014 in terms of value as well as volume. Zinc oxide has region specific demands that are differentiated by placement, cost, and efficiency.

‘Global zinc oxide market size to reach USD 4,184.5 million by 2020’

The market size of zinc oxide in terms of value is projected to reach USD 4,184.5 million by 2020, and the global market size for zinc oxide is projected to register a CAGR of 6.0% between 2015 to 2020 . In terms of value, the zinc oxide market size in rubber application is projected to reach USD 2,095.2 million by 2020, at a CAGR of 5.4% between 2015 and 2020. The market in Asia-Pacific accounted for the largest share of the zinc oxide in 2014 and is projected to be the fastest-growing market in terms of value, between 2015 and 2020. The growth is attributed to the increasing automotive sales in countries, such as China and India.

‘Asia-Pacific and North America accounted for approximately 68% share of the zinc oxide market in 2014’

Asia-Pacific was the prime consumer of zinc oxide in 2014 and is projected to register highest CAGR between 2015 and 2020, backed by the increasing demand of tire and other rubber products from end-user industries, such as automotive and industrial. Asia-Pacific is expected to dominate the zinc oxide market by 2020, with high investments from manufacturers in capacity expansion. North America was the second-largest market for zinc oxide in 2014 and is expected to get support from increasing tire sales with the recovering automotive industry.

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